Modern Living Investments Holdings Limited provided earnings guidance for the three months ended March 31, 2020. The group is expected to record a net loss for the first quarter of 2020 of less than HKD 1 million as compared to the net profit of approximately HKD 0.5 million for the three months ended 31 March 2019. The anticipated net loss for the first quarter of 2020 was mainly attributable to the completion of contracts to nine public housing estates during the fourth quarter of 2019, which caused a decrease in revenue of the Group.